Greenwood Capital Associates LLC lifted its position in shares of Columbia Sportswear (NASDAQ:COLM) by 74.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,186 shares of the textile maker’s stock after buying an additional 2,648 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Columbia Sportswear were worth $620,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Columbia Sportswear by 12.7% during the 4th quarter. Geode Capital Management LLC now owns 351,041 shares of the textile maker’s stock valued at $29,519,000 after buying an additional 39,664 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Columbia Sportswear in the first quarter worth $212,000. First Republic Investment Management Inc. bought a new position in shares of Columbia Sportswear in the first quarter worth $322,000. Janus Henderson Group PLC acquired a new position in shares of Columbia Sportswear during the first quarter valued at $1,365,000. Finally, Alps Advisors Inc. acquired a new position in shares of Columbia Sportswear during the first quarter valued at $408,000. 37.68% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ COLM traded down $0.38 on Wednesday, reaching $98.89. The company’s stock had a trading volume of 315 shares, compared to its average volume of 272,050. Columbia Sportswear has a twelve month low of $80.03 and a twelve month high of $109.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 2.88. The firm’s 50 day moving average is $97.85 and its two-hundred day moving average is $100.02. The stock has a market cap of $6.71 billion, a PE ratio of 24.74, a PEG ratio of 1.87 and a beta of 0.72.
Columbia Sportswear (NASDAQ:COLM) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.22. Columbia Sportswear had a net margin of 10.73% and a return on equity of 18.14%. The company had revenue of $526.21 million for the quarter, compared to analysts’ expectations of $507.16 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Columbia Sportswear will post 4.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, August 14th. Columbia Sportswear’s payout ratio is 23.94%.
COLM has been the subject of several research analyst reports. Stifel Nicolaus set a $129.00 price objective on shares of Columbia Sportswear and gave the stock a “buy” rating in a report on Friday, July 26th. Bank of America upgraded shares of Columbia Sportswear from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $112.00 to $130.00 in a research report on Tuesday, July 23rd. Pivotal Research reaffirmed a “buy” rating and issued a $125.00 price target (up from $120.00) on shares of Columbia Sportswear in a research note on Friday, July 26th. ValuEngine cut shares of Columbia Sportswear from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, B. Riley set a $109.00 price objective on shares of Columbia Sportswear and gave the company a “hold” rating in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Columbia Sportswear currently has an average rating of “Buy” and a consensus target price of $118.00.
In other news, SVP Douglas H. Morse sold 5,597 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $107.00, for a total transaction of $598,879.00. Following the completion of the sale, the senior vice president now owns 4,609 shares in the company, valued at approximately $493,163. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Douglas H. Morse sold 2,620 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $105.00, for a total value of $275,100.00. Following the sale, the senior vice president now directly owns 3,553 shares of the company’s stock, valued at $373,065. The disclosure for this sale can be found here. Insiders have sold 78,938 shares of company stock valued at $8,461,381 over the last 90 days. 56.57% of the stock is currently owned by insiders.
Columbia Sportswear Profile
Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East and Africa, and Canada. The company provides apparel, accessories, and equipment that are used various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel for men and women under the Columbia, Mountain Hardwear, SOREL, and prAna brands, as well as for youth under the Columbia brand name.
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